Savills, on behalf of Palé Hall Ltd, has sold the freehold of Palé Hall Hotel & Restaurant in Llandderfel near Bala in North Wales to private buyers. The property was marketed at a guide price of £6 million.
The 22 bedroom, luxury AA five red star country house hotel, which is situated on the edge of Snowdonia National Park, comprises a grand hall, reception room, library, dining room and bar. The hotel also includes a fine dining restaurant, which has three rosettes and a Michelin green star.
Set within circa 50 acres of landscaped gardens, the hotel which was originally constructed in 1871, underwent an extensive re-development and refurbishment in 2015.
Following the purchase; there are plans to recreate a personal dimension to the hotel, by displaying the owners collection of exquisite and unusual artworks. There are also additional plans for a holistic spa with an organic eatery area using home & local grown produce. A second restaurant will provide the opportunity for the talented chefs at the hotel to provide an adventurous menu, whilst there is also the possibility of adding further rooms.
The new owner comments: “At times the more the remote the area, the more desirable and valuable the place can be to experience.”
Tom Cunningham, director in the hotels team at Savills, adds: “The sale of Palé Hall provided the purchaser with the chance to acquire the freehold of an exceptional hotel, as well as a profitable business with value-add opportunities. Given its stunning location and strong fundamentals it is unsurprising that we were able to find a new owner who will continue its legacy.”